Ferrari unveiled the 2026 F80, its latest halo car with 1,180 hybrid horsepower and a price tag of $3.1 million. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Volkswagen’s management and labor unions are in the midst of fact-finding talks described as “serious, critical, and controversial” in securing the automaker’s future. More at Reuters.
+ Hyundai is telling the owners of nearly 1,600 Nexo fuel cell vehicles in the U.S. and Canada to park them outdoors and away from buildings due to a potential hydrogen leak. More at Hydrogen Fuel News.
+ General Motors will invest $625 million in cash and credit in a joint venture with Lithium Americas Corporation to build and operate a lithium carbonate mining operation in Nevada. More at CNBC.
+ NASCAR has asked the federal court for an expedited discovery motion filed by 23XI Racing and Front Row Motorsports in their charter lawsuit to be denied, calling the filing “meritless.” More at Racer.
+ A U.S. Bankruptcy Court judge in Delaware has approved a bankruptcy plan for EV maker Fisker that preserves assets for car owners but leaves nothing for the sharholders. More at The Detroit News.
+ A leaked factory order guide indicates that the 2025 Bronco will again be offered as a base model with steel wheels and a manual transmission, with availability late in the year. More at The Drive.
+ The inaugural Broad Arrow Auctions Chattanooga sale recorded $12.3 million in sales, led by a 1984 Porsche 911 SC RS Gruppe B Evolutionsserie that brought $2 million. More at Old Cars.
+ Ferrari’s latest halo hypercar, the 2026 F80, boasts active suspension, a twin-turbo V6 and three electric motors for 1,184 total horsepower, and a $3.1 million price tag. More at Car and Driver.
+ Starting in 2025, Formula 1 will no longer award an extra point to the driver who sets the fastest lap of the race, a measure instituted in 2019 to increase the competition level. More at Motorsport.com.
+ Stellantis is under pressure from both the White House and the UAW to follow through on its 2023 promise to reinvest in communities impacted by U.S. plant closures. More at CBT News.
Photo courtesy of Ferrari.
Review the previous MCG Executive Briefing from October 14 here.
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